Price for Machinery; Parts of the Machinery of Heading No. 8425 in Nepal - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Nepal (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Nepal (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Nepal
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Nepal
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Nepal (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $7,164 per ton in 2022, surging by 26% against the previous year. Overall, the import price, however, saw a abrupt decline. Over the period under review, average import prices reached the maximum at $18,873 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($7,160 per ton), while the price for India stood at $6,939 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-9.9%).
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Nepal (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $26,530 per ton, picking up by 58% against the previous year. In general, the export price showed a temperate expansion. The pace of growth appeared the most rapid in 2019 an increase of 329% against the previous year. As a result, the export price reached the peak level of $35,903 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.4% per year.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Nepal
In 2022, purchases abroad of machinery; parts of the machinery of heading no. 8425 decreased by -33.7% to 147 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +8.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of 222 tons, and then contracted remarkably in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 dropped rapidly to $1.1M in 2022. Over the period under review, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 73%. As a result, imports attained the peak of $1.3M, and then contracted dramatically in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,021 | 436 | 991 | 977 | -1.5% |
| China | 142 | 246 | 227 | 28.8 | -41.2% |
| Others | 39.1 | 46.5 | 43.4 | 50.8 | 9.1% |
| Total | 1,201 | 729 | 1,262 | 1,056 | -4.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Nepal in 2022:
- India (140.8 tons)
- China (4.0 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Nepal
For the fourth consecutive year, Nepal recorded growth in shipments abroad of machinery; parts of the machinery of heading no. 8425, which increased by 38% to 200 kg in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 300% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 skyrocketed to $5.3K in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.2 | 1.6 | 2.4 | 5.1 | 194.3% |
| China | N/A | N/A | N/A | N/A | 0% |
| Others | 0.9 | N/A | N/A | 0.2 | -39.4% |
| Total | 1.1 | 1.6 | 2.4 | 5.3 | 68.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Nepal in 2022:
- India (199.0 kg)
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